NEW 1 HR AGO

For sale

$99,500

Est. $640/mo —

•

2,737

sq ft

5423 Indian Draft Rd, Covington, VA 24426

About this home

Escape to your own PRIVATE MOUNTAIN PARADISE in Western Alleghany County! This remarkable 22-acre wooded property offers the perfect blend of natural beauty, outdoor adventure, and investment potential; located just minutes from the world-renowned GREENBRIER RESORT and LAKE MOOMAW. The acreage features stunning mature trees and beautiful topography, making it an absolute haven for hunting, fishing, and all types of outdoor recreation. A standout feature of this property is the ELEVATED BUILDING SITE, offering the perfect canvas to design and build your custom dream home surrounded by nature. Moreover, there's a stream running through the property near the existing home, that presents a perfect space to build a nice fishpond. The property currently features an existing 1,564 sq ft frame house. While the home needs some TLC, it presents an incredible opportunity. You can renovate it to use as a guest house, a dedicated hunting cabin, or generate secondary rental income while building your main residence. Whether you are looking for a permanent homestead, a weekend retreat, or a savvy investment with endless recreational possibilities, this Western Alleghany gem is a rare find. Schedule your tour today and bring your vision to life! This parcel is owned by a Licensed Real Estate Broker. The schools include: Callaghan Elementary School, Covington Middle School and Alleghany High School.

Single-familyProperty Type

1946Year Built

22 acresLot Size

$36Price/Sq.Ft.

4 spacesParking

Listed by MONTY BOWMAN • HIGHLANDS REALTY & ASSOCIATES LLC

Listing updated: Oct 1, 2026 at 03:10pm

Redfin checked: a minute ago

•Source:MLSRV #931928

Payment calculator

$640 per month

Principal and interest$563

Property taxes

$58

HOA dues

Home insurance

$19

Utilities

Add

5 minutes to get started. No credit impact.

Affordability tools

Open houses

No upcoming open houses.

Around this home

Schools

K - 12
Preschool & daycare

Callaghan Elementary School

Public PreK-5 • Assigned • 3.4mi

7/10

Clifton Middle School

Public 6-8 • Assigned • 5.6mi

2/10

Alleghany High School

Public 9-12 • Assigned • 8.7mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

5423 Indian Draft Rd · $99,500

DAYS ON MARKET

The average home goes pending in 41 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median sale price in this area is $199,346. (100% higher than this home)

PRICE DROP

29% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Interior features
Wood doors
Flue available

Bedrooms
4 bedrooms (all on the main level)

Bathrooms
1 full bathroom (on the main level)

Flooring
Carpet
Vinyl
Wood

Heating & cooling
Heat pump (electric)
Forced air (electric)
Electric baseboard heating
Has cooling

Sale and tax history for 5423 Indian Draft Rd

Sale History
Tax History

Public record

Beds

Baths

1.5

Stories

Lot width

—

Lot depth

—

Lot size

22 Acres

Year renovated

—

Finished Sq. Ft.

1,564

Unfinished Sq. Ft.

Total Sq. Ft.

1,564

Year built

1946

Style

Single Family Residential

County

Alleghany County

APN

02200000000390

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 1, 2026.

Climate risks

10/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

4/10 Fire Factor

1% chance of being in a wildfire in next 30 years

3/10 Heat Factor

7 days above 99° expected this year, 19 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Covington, VA • 24426

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 5423 Indian Draft Rd

$98,175

$1,325 under list price of $100K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $80K to $340K.

SOLD SEP 11, 2026
$121,000 Last sold price
3 beds2 baths1,056 sq ft
4418 Indian Draft Rd, Covington, VA 24426
$79/sq ft
smaller lot
21 years newer
SOLD FEB 19, 2026
$95,000 Last sold price
3 beds1 bath2,132 sq ft
411 E Fairlawn Dr, Covington, VA 24426
$9/sq ft
smaller lot
19 years newer
SOLD APR 23, 2026
$79,500 Last sold price
2 beds2 baths1,668 sq ft
220 E Main St, Covington, VA 24426
$12/sq ft
smaller lot
11 years older
SOLD SEP 11, 2026
$339,900 Last sold price
3 beds2 baths3,066 sq ft
2119 Evergreen Rd, Covington, VA 24426
$75/sq ft
smaller lot
21 years newer
SOLD JUN 12, 2026
$300,000 Last sold price
4 beds3.5 baths3,270 sq ft
427 W Riverside St, Covington, VA 24426
$56/sq ft
smaller lot
31 years older
SOLD AUG 18, 2026
$115,000 Last sold price
2 beds1 bath1,768 sq ft
201 Long Ave, Covington, VA 24426
$29/sq ft
smaller lot
13 years newer

Rental earnings

Est. $2,231 per month, based on comparable rentals

Contact listing agent

MONTY BOWMAN

HIGHLANDS REALTY & ASSOCIATES LLC

540-969-9149

monty.bowman@gmail.com

At this time, Redfin doesn't have an agent available to help you with this home.

Early Access listings

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Details provided by MLSRV and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

Open houses

Around this home

Schools

Lifestyle

Market insights

Property details

Sale and tax history for 5423 Indian Draft Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 5423 Indian Draft Rd

Contact listing agent

Early Access listings

Nearby similar homes

New listings for sale in 24426

More real estate resources